Murray Math Lines 27.11.2013 (AUD/USD, EUR/JPY, SILVER)

Analysis for November 27^th, 2013

AUD/USD

Australian Dollar is still moving downwards; yesterday it broke minimum. During local correction, I opened another sell order and moved stops to local maximum. Main target is still at the 0/8 level.



Yesterday price rebounded from H4 Super Trend and right now is already moving below H1 Super Trend. Local target is at the 0/8 level, which later may be broken.

EUR/JPY

After rebounding from H4 Super Trend, pair is moving inside “overbought zone” again. Bulls have already broken maximum. Later, I expect pair to break the +2/8 level. In this case, lines at the chart will be redrawn.



At H1 chart, pair is also moving above the 8/8 level. Considering that price is moving quite fast, it may break the +2/8 level during the day. Later, I’m planning to increase my long positions.

SILVER

Silver is moving below Super Trends again. However, current correction may yet continue, because latest ascending movement is clearly not one of small corrections we’ve seen earlier. That’s why I’m keeping my buy order and expect instrument to continue growing up towards daily Super Trend.



At H1 chart, we can see that ascending movement stopped at the 4/8 level and right now price is being corrected. If instrument is able to stay above Super Trends, bulls will start new ascending movement. Closest target is at the 4/8 level, but if price breaks it, market will continue moving upwards.



 
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